TLDR
- Nebius Group (NBIS) hit an all-time high of $141.14 this week, up 21.1% from the prior Friday’s close through Thursday.
- The stock has gained 25% in the past week and 549% over the past year.
- Reports emerged Thursday that Nebius is in talks to acquire Israeli AI start-up AI21 Labs.
- Cantor Fitzgerald initiated coverage with an overweight rating and a $129 price target.
- BofA has a $150 buy target; BWS Financial has a $200 buy target following a $12 billion Meta contract win.
Nebius Group has had a week to remember. The AI infrastructure company’s stock hit an all-time high of $141.14 on Thursday and continued climbing Friday, touching $149.80 intraday.
From the close of last Friday’s session through Thursday, the stock rose 21.1%, according to S&P Global Market Intelligence data. That follows a 7.9% gain the previous week.
Over the past year, NBIS is up roughly 549%. The company now carries a market cap of around $34.49 billion.
The week’s gains were driven by two main catalysts. The first was a report from The Information on Thursday that Nebius is in talks to acquire AI21 Labs, an Israeli start-up focused on AI systems for enterprise clients.
Nebius does not often make acquisitions, so the news caught investor attention quickly. No deal has been confirmed, and talks could still fall through.
The second catalyst was fresh analyst coverage. Cantor Fitzgerald initiated on NBIS with an overweight rating and a $129 price target, according to Thefly.com.
Analyst Targets Stack Up
BofA Securities also has a buy rating on the stock with a $150 price target. BWS Financial goes further, setting a $200 target after Nebius secured a $12 billion contract with Meta Platforms, with potential for an additional $15 billion. That deal is expected to begin in early 2027.
InvestingPro flags the stock as potentially overvalued relative to its Fair Value estimate, placing it among the most overvalued stocks on the platform.
The valuation math is stretched by most metrics. NBIS currently trades at 896 times operating cash flow.
What’s Driving the Business
Beyond the stock moves, Nebius has been active on the capital and infrastructure front. The company priced a $4 billion convertible senior notes offering in early 2026, upsized from an initial $3.75 billion. The notes mature in 2031 and 2033.
Nebius also announced plans to build a 310 MW AI factory in Lappeenranta, Finland. The facility is expected to be operational by 2027 and would rank among the largest AI factories in Europe.
The company has set a target of securing over 3 GW of contracted power by end of 2026.
On Friday, NBIS was trading around $146.40, with a day’s range of $134.88 to $149.80. Volume on the day stood at around 666,000, well below the average of 15 million.
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